1,4 Butanediol Market, By Derivative (Tetrahydrofuran, Polybutylene Terephthalate, Other Derivatives), By End-User Industry (Automotive, Healthcare and Pharmaceutical, Other End-user Industries), By Technology (Reppe Process, Davy Process, Others) and By Region - Global Analysis Forecast Till 2030

1,4 Butanediol market was worth USD 11.1 billion in 2021 and is expected to become USD 20.6 billion by 2030, growing at a CAGR of 10.30% between 2022 and 2030.

The organic compound HOCH2CH2CH2CH2OH is the formula for 1,4 Butanediol. It is also abbreviated as BD or BDO. A stable isomer of butanediol, 1,4 butanediol is a colorless viscous liquid. In the industry, it is used as a solvent in producing some liquids, elastic fibers, and polyurethanes. The 1,4 Butanediol can also make butyrolactone (GBL). It is also converted into the important solvent tetrahydrofuran in the presence of phosphoric acid and at high temperatures. It has been used as a therapeutic drug in some cases. Some users call this recreational drug "One Comma Four,” "Liquid Fantasy,” "One Four Bee,” or "One Four B-D-O.”

Market Dynamics

Drivers:

PBT allows for shock absorption in bumpers, energy absorption, weight reduction, and explosion risk reduction in airbags, doors, fuel tanks, seat belts and seat assemblies, under-bonnet components, exterior trims, subsystems, bumpers, and a variety of other automotive applications. Furthermore, polyurethane foams can be found in most cars' armrests, seats, and headrests, where their cushioning properties help to reduce the stress and fatigue often associated with driving. Polyurethanes are light and robust, so the overall weight of cars is reduced, which improves the vehicles' environmental performance. The increase of this compound in the automobile industry is one of the reasons driving the 1,4 Butanediol market growth.

Restraints:

The unexpected fluctuations in the prices of 1, 4 butanediols raw material and the high costs associated with the manufacturing process are expected to stymie the growth of the 1,4 butanediol market. As a result, the supply chain for 1,4 butanediol raw materials has been disrupted, posing a challenge for manufacturers.

Key players:

• Dow

• LyondellBasell Industries N.V.  

• BASF SE  

• ADM

• Global Bio-chem Technology Group Company Limited  

• DuPont

• Tate & Lyle Bio Products  

• SKC  

• Temix Oleo  

• INEOS Oxide  

• Huntsman International L.l.C  

• ADEKA CORPORATION  

Market Segmentation:

1,4 Butanediol Market, By Derivative

• Tetrahydrofuran (THF)

• Polybutylene Terephthalate (PBT)

• Other Derivatives

1,4 Butanediol Market, By End-User Industry

• Automotive

• Healthcare and Pharmaceutical

• Others

1,4 Butanediol Market,  By Technology

• Reppe Process

• Davy Process

• Others

1,4 Butanediol Market, By Region

• North America

• Latin America

• Europe

• Asia Pacific

• Middle East & Africa

Regional Analysis:

The Butanediol Market is divided into North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. Asia-Pacific dominates the consumption of butanediol and its end-use products because of the region's large population and market growth. Due to 1,4 butanediol market developments and increasing end-users, the region is expected to experience healthy growth over the forecast period. North America is the second largest consumer of butanediols, with moderate growth expected over the forecast period due to slowing economic growth.

Europe is also expected to grow moderately, with slightly higher growth in central and eastern Europe. With the region's improving socioeconomic conditions, the Latin American market is expected to grow at a healthy rate over the forecast period. The Middle East and Africa region accounted for less than XX% of global butanediol consumption. The region is expected to grow moderately to rapidly over the forecast period due to rising disposable income and a growing middle class.

Scope of the Report:

User

Tab Content